NBS: China’s industrial sector CPI rises in Q3 amid supply-side reform

Monday, 24 October 2016 14:05:56 (GMT+3)   |   Shanghai
       

Xing Zhihong, spokesman for China's National Bureau of Statistics (NBS), has stated that China’s consumer price index (CPI) has risen steadily, while China's producer price index (PPI) has constantly indicated improvements. In particular, in the January-September period this year China’s CPI increased by two percent year on year, with this growth rate was 0.1 percentage point lower than that recorded in the first half of the year, while China’s domestic PPI decreased by 2.9 percent year on year, up one percentage point compared to the growth rate for H1. These rates reflect good improvements in supply and demand in the domestic market as well as steady economic growth in China, according to the NBS official.

In particular, the CPI for China’s industrial sector maintained stable growth in the given period. In the first, second and third quarters of this year, the CPI for China’s industrial sector decreased by 0.4 percent and 0.3 percent and rose by 0.4 percent year on year, respectively, reflecting improvement in the CPI in China’s industrial sector in the third quarter against the backdrop of China’s supply-side reform, as stated by Mr. Xing.

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